Refer to the data below to answer the following questions: $10,101 2,085 The Equivalence of Expenditure and Income (in billions of dollars) Expenditure Income C: Consumer goods and services $12,753 Wages and salaries Corporate profits I:Investment in plants, equipment, and inventory 3,035 Proprietors' income G: Government goods and services 3,277 Rents Interest X: Exports 2,260 Taxes on output and imports Depreciation M: Imports (2,733) Statistical discrepancy GDP: Total value of output $18,566 Total value of income 1,418 705 485 1,197 2,910 (335) $18,566 Instructions: Enter your responses as a percentage rounded to one decimal place.
What share of U. S. total income in 2016 consisted of:
a. Corporate profits? D %
b. Rents? D %

The following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 15,800 indirect labor 138,000 property taxes, factory 8,800 utilities, factory 78,000 depreciation, factory 150,600 insurance, factory 10,800 total actual manufacturing overhead costs incurred $ 402,000 other costs incurred: purchases of raw materials (both direct and indirect) $ 408,000 direct labor cost $ 68,000 inventories: raw materials, beginning $ 20,800 raw materials, ending $ 30,800 work in process, beginning $ 40,800 work in process, ending $ 70,800 the company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. a total of 20,500 machine-hours were used during the year. required: 1. compute the amount of underapplied or overapplied overhead cost for the year. 2. prepare a schedule of cost of goods manufactured for the year.

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The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?